Egypt: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Egypt

The Egyptian synthetic filament tow market declined markedly to $X in 2021, waning by -16.9% against the previous year. In general, consumption continues to indicate a noticeable shrinkage. Synthetic filament tow consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Synthetic Filament Tow Production in Egypt

In value terms, synthetic filament tow production reduced to $X in 2021 estimated in export price. Overall, production saw a pronounced decrease. The pace of growth was the most pronounced in 2020 when the production volume increased by 22%. Synthetic filament tow production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Synthetic Filament Tow Exports

Exports from Egypt

In 2021, shipments abroad of synthetic filament tow and staple fibers, not carded or combed was finally on the rise to reach X tons after two years of decline. Overall, total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -1.9% against 2018 indices. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, synthetic filament tow exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt decline. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for synthetic filament tow exports from Egypt, with a 66% share of total exports. Moreover, synthetic filament tow exports to Turkey exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. The third position in this ranking was taken by Spain (X tons), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey stood at +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+43.7% per year) and Spain (+16.7% per year).

In value terms, Turkey ($X) remains the key foreign market for synthetic filament tow exports from Egypt, comprising 67% of total exports. The second position in the ranking was held by Germany ($X), with a 5.1% share of total exports. It was followed by Spain, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+30.0% per year) and Spain (+5.7% per year).

Export Prices by Country

In 2021, the average synthetic filament tow export price amounted to $X per ton, growing by 6.2% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 an increase of 26% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-3.7%), while the prices for the other major destinations experienced a decline.

Synthetic Filament Tow Imports

Imports into Egypt

In 2021, approx. X tons of synthetic filament tow and staple fibers, not carded or combed were imported into Egypt; waning by -4.4% compared with the year before. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -23.7% against 2017 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, synthetic filament tow imports totaled $X in 2021. Overall, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 27% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

India (X tons), Turkey (X tons) and China (X tons) were the main suppliers of synthetic filament tow imports to Egypt, together comprising 84% of total imports. These countries were followed by South Korea, Thailand, Vietnam and Taiwan (Chinese), which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +25.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), India ($X) and China ($X) constituted the largest synthetic filament tow suppliers to Egypt, together comprising 83% of total imports. Thailand, South Korea, Vietnam and Taiwan (Chinese) lagged somewhat behind, together comprising a further 14%.

In terms of the main suppliers, Vietnam, with a CAGR of +27.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic filament tow import price stood at $X per ton in 2021, rising by 15% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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